1. You place an order for 1,200 units of Good X at a unit price of $49. The supplier offers terms of 1/15, net 50.
If you don’t take the discount, how much interest are you paying implicitly? (dollars not percent)
2. Two Doors Down, Inc., has weekly credit sales of $39,000, and the average collection period is 38 days.
What is the company's average accounts receivable figure?